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Former Member
Aug 03, 2011 at 06:51 PM

Overwithholding and Underwithholding in SAP

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Hi

We are implementing the WHT functionality and need to understand how we deal with overwithholdings and underwithholdings in SAP.

Eg: Vendor was subject to 30% tax and we accidently deducted 20%, remitted the amount to IRS. We have to get 10% from the vendor which now needs to be accounted in SAP. Payments are done.

Eg: Vendor was subject to 20% tax and we deducted 30%, remitted to IRS. We have to now give 10% to vendor which we overwithheld.

Any solutions are appreciated.

Regards

Megha

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